Responsibility

How to End the Credit Crisis

Don't forget the trade deficit. The challenges in re-building and reinforcing industries should be on high priorities. Incentives are needed for other industries on scales as high as, if not more than, those for the financial industry.

Obama: Stop the Witch Hunts and Stabilize the Banks

Correcting the problems of irresponsible behaviors at public companies is necessary to restore some trust people have in Wall Street. The FED has not done enough to put necessary regulations on public companies, particularly those in the finance sector, regulations on executive compensations are just an important part to start with.

There are not "witch hunts" by Washington this time; they are being held responsible by the enraged public. Freak shows by being run by people in the finance industry trying to continue their old ways of paying with other people's money.

AIG Bonuses Are Just the Tip of the Iceberg

Un-justifiable executive awards have been known for a long time before this big financial crisis, just like un-justifiable excessive consumer spending. To make change, we need to voice out against these un-justifiable behaviors in the same manner as we voice out against crimes towards children or injustice towards minorities. When we have demonstrations on the street and preachings in sunday schools and church services against these behaviors by the general public, real change may come then.

We have put too little priority on financial responsibilities in comparison to priority on having a luxurious life style.

Do Paulson and Bernanke Really Understand What's Going On?

To encourage people to be responsible, we should have tax penalty and special points for future loans on load defaulters and tax incentive to people who keep their mortgages, to those who take on new mortgages, and to those who increase their mortgages, similar to tax on big cars and incentives for small/hybrid cars. Please spread this if you agree so that the politicians will do something.